Yext’s (YEXT) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Yext (NYSE:YEXT) in a research report report published on Thursday,Benzinga reports. Needham & Company LLC currently has a $10.00 price target on the stock.

YEXT has been the topic of a number of other research reports. DA Davidson lifted their target price on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Roth Mkm reissued a “buy” rating and set a $9.50 price target (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Price Performance

YEXT stock opened at $5.92 on Thursday. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The stock has a market capitalization of $749.04 million, a price-to-earnings ratio of -39.48 and a beta of 1.20. The business’s fifty day moving average price is $6.45 and its two-hundred day moving average price is $6.83.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). The business had revenue of $113.09 million during the quarter, compared to analyst estimates of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. Research analysts expect that Yext will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Yext

A number of hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Yext in the 3rd quarter valued at about $38,000. KBC Group NV acquired a new position in Yext in the fourth quarter valued at approximately $47,000. O Shaughnessy Asset Management LLC bought a new position in shares of Yext during the 4th quarter worth approximately $64,000. EntryPoint Capital LLC acquired a new stake in shares of Yext during the 4th quarter worth approximately $67,000. Finally, Virtu Financial LLC acquired a new stake in shares of Yext during the 4th quarter worth approximately $67,000. 70.98% of the stock is currently owned by institutional investors.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.